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BRIEF-Sterling Resources announces agreement to sell UK operating subsidiary to Oranje-Nassau ENERGIE B.V.
March 3, 2017 / 6:32 PM / 5 months ago

BRIEF-Sterling Resources announces agreement to sell UK operating subsidiary to Oranje-Nassau ENERGIE B.V.

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March 3 (Reuters) - Sterling Resources Ltd

* Sterling resources ltd. Announces agreement to sell UK operating subsidiary to Oranje-Nassau Energie B.V.

* Company anticipates net proceeds from sale of sruk of approximately US$113 million

* Deal for US$163 million

* Sterling resources says pursuant to share purchase agreement, a termination fee of $5 million will be payable by sruk holdings in certain circumstances Source text for Eikon: Further company coverage:

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